Search found 4 matches

by al14
Wed Jan 20, 2016 4:57 pm
Forum: Gold
Topic: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Replies: 208
Views: 56995

Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion

No PHYS in my brokerage, neither GTU is there. Showing 100% loss of entire investment. Is that a drill for things to come? :) I'm extremely puzzled by investor irrationality: if the offer from Polar was overwhelmingly rejected by GTU unit holders just a few months ago, why would the same people elec...
by al14
Wed Jan 20, 2016 3:10 pm
Forum: Gold
Topic: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Replies: 208
Views: 56995

Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion

Same here. As much as I detest what Sprott has done to Gold Trust I see no other option to maintain paper gold under favorable US capital gain taxation rules. My understanding is that shifting to GLD or IAU exposes to clearly spelled out 28% collectible tax rate, besides the ETF papers not being bac...
by al14
Wed Jan 20, 2016 12:34 pm
Forum: Gold
Topic: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Replies: 208
Views: 56995

Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion

..and why would anyone want to sell their PHYS given that there is no difference whatsoever between it and GTU for tax or other purposes (besides redemption option, that is useless for most and doesn't affect US taxes)
by al14
Tue Jan 19, 2016 12:42 pm
Forum: Gold
Topic: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Replies: 208
Views: 56995

Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion

Hello! I was a GTU holder until PHYS took over a few days ago. Given that I always elect QEF option on my US tax form I do not find PHYS any different from GTU since the annual PFIC statements show no distributions since the inception in 2010. I'm a little confused by this, since the redemptions sho...